Tuesday 23 June 2015

3pm update - closing hour escape

US equities are set for continued minor chop into the close, with the sp'500 set for the 5th net daily gain of 7, since the sp'2072 low. VIX remains very subdued in the low 12s. USD is holding sig' gains of 1.2% in the DXY 95.40s. Metals remain broadly weak, Gold -$8, with Silver -2.6%.


sp'daily5



VIX'daily3



Summary

Again, little to add.

The smaller 15/60min equity cycles are offering a baby bull flag, with further minor upside early tomorrow, to the sp'2130/35 zone.

I'm still seeking some degree of weakness into end month. The 2060s remain 'best case'.

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A great escape... for Capt' Priceline, backed by the powerful score of Horner.



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back at the close...